Capital Markets of India: An Investor's Guide (Wiley Finance)

Capital Markets of India: An Investor\'s Guide......Page 5
Contents......Page 9
List of Figures......Page 13
List of Tables......Page 15
Preface......Page 19
Acknowledgments......Page 25
About the Author......Page 29
GROWTH OF FOREIGN INVESTMENT......Page 31
IMPROVED FOREIGN INSTITUTIONAL INVESTOR (FII) INTEREST AND ACCESS TO THE PUBLIC MARKETS......Page 35
RISING DOMESTIC INVESTMENT DEMAND......Page 39
MARKET RISKS......Page 41
SUMMARY......Page 47
CHAPTER HIGHLIGHTS......Page 49
FOREIGN INVESTMENT......Page 50
TAX CONSIDERATIONS FOR FIIS......Page 56
CHALLENGES FOR U.S. HEDGE FUND FIIS......Page 59
FINANCIAL INSTRUMENTS AVAILABLE TO FIIS......Page 63
INVESTMENT LIMITS......Page 78
BROKERAGE FEES......Page 81
FII APPLICATION PROCEDURES......Page 82
SUMMARY OF FII INVESTMENT......Page 86
CHAPTER HIGHLIGHTS......Page 87
MINISTRIES AND DEPARTMENTS ADMINISTERING FDI......Page 89
APPROVAL PROCESS FOR FDI......Page 91
INDUSTRIAL SECTOR PREFERENCE......Page 93
SUMMARY......Page 94
CHAPTER HIGHLIGHTS......Page 95
THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)......Page 96
DISCLOSURE AND TRANSPARENCY RULES......Page 99
EXCHANGE SURVEILLANCE......Page 100
STOCK EXCHANGE RISK SYSTEMS......Page 105
MARKET-EMBEDDED SAFEGUARDS TO CONTROL ABNORMAL STOCK AND MARKET BEHAVIOR......Page 106
MARGIN CONTROLS......Page 112
ADDITIONAL RISK CONTROLS FOR DERIVATIVES......Page 119
STOCK EXCHANGE CENTRAL COUNTERPARTY ROLE......Page 121
GUARANTEE FUNDS......Page 123
INSPECTION OF BROKERS’ BOOKS......Page 128
SUMMARY......Page 129
CHAPTER HIGHLIGHTS......Page 131
INDIA’S STOCK EXCHANGES......Page 133
EXCHANGE TRADING RUDIMENTS......Page 136
EXCHANGE TRADING SYSTEMS......Page 142
TRADING FEATURES OF THE EXCHANGES......Page 143
EXCHANGE SETTLEMENT SYSTEMS......Page 149
APPROVED CLEARING BANKS......Page 154
EXCHANGE CLEARINGHOUSES......Page 155
CUSTODIANS......Page 160
DEPOSITORIES......Page 162
SUMMARY......Page 165
CHAPTER HIGHLIGHTS......Page 167
INDIAN DERIVATIVES MARKET FUNDAMENTALS......Page 168
BSE DERIVATIVES PRODUCTS......Page 174
NSE DERIVATIVES PRODUCTS......Page 181
SUMMARY......Page 188
CHAPTER HIGHLIGHTS......Page 189
INDIAN DEBT MARKET FUNDAMENTALS......Page 190
MARKET INFRASTRUCTURE......Page 199
MARKET STRUCTURE......Page 202
DEBT TRADING......Page 205
CLEARING AND SETTLEMENT......Page 209
RISK MANAGEMENT......Page 213
BROKERAGE RATES......Page 214
REFERENCE RATES......Page 215
SUMMARY......Page 217
CHAPTER HIGHLIGHTS......Page 219
BSE-SPONSORED INDEXES......Page 220
NSE-SPONSORED INDEXES......Page 238
SUMMARY......Page 255
Appendix A: Facts and Figures about India......Page 257
FUN FACTS ABOUT INDIA......Page 271
Appendix B: India’s Unique Numbering System......Page 275
Appendix C: The Indian Time Zone......Page 279
Appendix D: BSE and NSE Derivatives Underlying Stock Details......Page 281
Appendix E: Economic Statistics......Page 289
Appendix F: Order Types......Page 293
Appendix G: NSE and BSE Equity Classifications......Page 295
Appendix H: Exchange Trading and Clearing Holidays......Page 297
Appendix I: Index Constituents......Page 301
Appendix J: Calculation of NSE Option Base Prices......Page 385
ADR/GDR: ORDINARY ARBITRAGE......Page 387
Appendix L: Major Financial Institutions in India......Page 391
Appendix M: Contact Information for Important Financial Services Institutions......Page 395
Appendix N: Further Sources of Information......Page 407
Notes......Page 411
Acronyms and Abbreviations......Page 413
Glossary......Page 415
Index......Page 427